Cemmac Merges with Cemus, Slovakia

17 January 2006

Cement producer Cemmac, a.s. Horne Srnie has merged with trade company Cemus, s.r.o. Horne Srnie. Both companies’ general shareholder meetings blessed the merger that came into effect on January 3, 2006. Cemus ceased to exist and all its rights and obligations were transferred to Cemmac.

The Cemmac company was the exclusive owner of the former firm. Cemmac reported output of SKK 517.3m on production costs of SKK 305.6 million in the first half of last year. H1 sales reached SKK 539.6m and profit was at SKK 73.9m. In addition to its core business line Cemmac is also involved in firing, organizational and economic consulting and automatic data processing.